03 Oct 2014 300,000 More People Find Out That If You Like Your Plan You Really Can’t Keep It
Last year, somewhere between 4 million and 6 million people with plans in the individual market lost those plans because they did not meet ObamaCare requirements. President Obama later issued an executive order letting insurers maintain those plans for another year. For some this came too late, but other people were lucky enough to keep their plans for 2014.
Alas, that’s now coming to an end. Last month, we learned that 250,000 people in Virginia would lose their plans by the end of November. Earlier this week, news outlets reported that a total of about 50,000 people in Kentucky, Alaska, Tennessee, New Mexico, North Carolina, Maine and Colorado will lose their insurance.
I doubt we’ll see anywhere near the number of cancellations that we saw last year. On the other hand there are still three more months to go in 2014, so who knows?
And for your viewing pleasure: